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Feb 25, 2013
02/13
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. >> president obama didn't say which country had been plunged into darkness by computer hackers, but we found out. it was brazil. we also found out that hackers have been infiltrating everything from our defense networks to the financial systems. bank robbers are now stealing more money with computers than they are with guns. >> this map is showing a visual representation of where all of the known infections of conficker are across the world. >> computer analysts say it's like a sleeper cell, and it may be poised to suck sensitive data out of millions and millions of computers. >> it takes time to read the manuals. i'm gonna save you that time. 'cause i stay home on saturday nights and read them for you. >> you and the rest of the geeks? >> there's millions of us out there. >> everybody, let's hear it! geek squad! [cheering] >> welcome to 60 minutes on cnbc. i'm steve kroft. in this edition, we take a look at technology. we examine how breaches in digital security threaten everything from weapons systems to bank accounts. plus, we meet the mr. fix-its of the geek world. we begin with
. >> president obama didn't say which country had been plunged into darkness by computer hackers, but we found out. it was brazil. we also found out that hackers have been infiltrating everything from our defense networks to the financial systems. bank robbers are now stealing more money with computers than they are with guns. >> this map is showing a visual representation of where all of the known infections of conficker are across the world. >> computer analysts say it's...
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Feb 25, 2013
02/13
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the obama administration has pushed for tough new sanctions against iran because of that country's efforts to produce nuclear weapons. but as lesley stahl reported in 2010, iran is having no problems getting high tech materials and components through under-the-radar middlemen who run small trading companies around the world, some based in cities right here in the united states. >> are you a procurement agent for iran? >> [chortles] no, that's ridiculous. no. >> but of course that's sort of the implication of the case against you. >> i'm nothing to do with iranian government or things like that at all. >> mohammad vaghari, mitch to his friends, an iranian who's lived in the united states for 15 years, is facing up to 85 years in prison. he and his lawyers are preparing for his trial on charges that he conspired to send u.s. technology to iran through a trading company he set up in his basement apartment in philadelphia. you are charged with trying to buy a centrifuge that could be used to make biological weapons, like anthrax. >> i don't know about that. i'm not a biological expert to tell,
the obama administration has pushed for tough new sanctions against iran because of that country's efforts to produce nuclear weapons. but as lesley stahl reported in 2010, iran is having no problems getting high tech materials and components through under-the-radar middlemen who run small trading companies around the world, some based in cities right here in the united states. >> are you a procurement agent for iran? >> [chortles] no, that's ridiculous. no. >> but of course...
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Feb 26, 2013
02/13
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>> for example, what president obama thinks right now. >> they want to know what president obama thinks. >> yes. >> that and more, when 60 minutes on cnbc returns. [ticking] [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. yes, you could. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. a body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis symptoms. but if you have arthritis, staying active can be difficult. prescription celebrex can help relieve arthritis pain so your body can stay in
>> for example, what president obama thinks right now. >> they want to know what president obama thinks. >> yes. >> that and more, when 60 minutes on cnbc returns. [ticking] [ male announcer ] you are a business pro. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get...
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Feb 26, 2013
02/13
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>> for example, what president obama thinks right now. >> they want to know what president obama thinks. >> yes. >> that and more, when 60 minutes on cnbc returns. [ticking] with the spark cash card from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every purchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your wallet? [ sneezes ] [ sniffles ] [ female announcer ] for everything your face has to face. face it with puffs facial tissues. puffs has air-fluffed pillows for 40% more cushiony thickness. face every day with puffs softness. you know it even after all these years. but your erectile dysfunction - you know,that could be a questio
>> for example, what president obama thinks right now. >> they want to know what president obama thinks. >> yes. >> that and more, when 60 minutes on cnbc returns. [ticking] with the spark cash card from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every purchase every day....
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Feb 11, 2013
02/13
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. >> that was president-elect obama in 2008 on the coming bailout of the auto industry. significant adjustments including the bankruptcy of general motors days after my next guest landed in the driver's seat at g.m. ed whitaker knew nothing about the car business before serving as chairman and ceo oh of gm 2009 and 2010. a story he tells in "american turnaround." great to have you here. >> great to be here. >> what a great read. your book has terrific lessons. you say it's not magic, it's management. businesses aren't democracies. what did your role in the bailout in such a challenging time for the country teach you about managing and management? >> i have always thought management was responsible for what happened. this taught me once again that's a true statement. spimt's about leadership. >> the lead. >> what were the big problems at gm that you could not have known br you arrived in detroit? >> i thought gm had a vision. but when i got there i found out they didn't. i thought it was very important we establish a vision which we did early on oh which was to design, bu
. >> that was president-elect obama in 2008 on the coming bailout of the auto industry. significant adjustments including the bankruptcy of general motors days after my next guest landed in the driver's seat at g.m. ed whitaker knew nothing about the car business before serving as chairman and ceo oh of gm 2009 and 2010. a story he tells in "american turnaround." great to have you here. >> great to be here. >> what a great read. your book has terrific lessons. you...
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Feb 2, 2013
02/13
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did team obama make any real changes to the obama care contraceptive coverage or not? the much-promoted accommodation for religious groups may be falling flat. is there still religious freedom in this story? some catholic leaders today say it's all window dressing. later on in the show it's super bowl weekend, but the big buzz is all about the stunning revelations surrounding dan marino and his love child. our own brian schactman spoke to marino just before the scandal broke, and wait until you hear what they talked about. and don't forget, folks, free market capitalism is the best path to prosperity. let me tell you, private companies operating in the free market are holding our story together. not washington. free market private companies. just leave them alone. i'm larry kudlow. we'll be right back. >>> big story today. obama care contraception and religious freedom. did anything change today when the new regulations were published by the health and human services department? some religious groups are saying there's still no real opt-out for religious groups, cathol
did team obama make any real changes to the obama care contraceptive coverage or not? the much-promoted accommodation for religious groups may be falling flat. is there still religious freedom in this story? some catholic leaders today say it's all window dressing. later on in the show it's super bowl weekend, but the big buzz is all about the stunning revelations surrounding dan marino and his love child. our own brian schactman spoke to marino just before the scandal broke, and wait until you...
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Feb 7, 2013
02/13
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this is john brennan's boss before he started working for barack obama, guys? thz sounds like juicy 007. a little bit cloak and dagger. but at the same time, there is nothing to suggest anything inappropriate was going on here. >> that's right. we should underscore that. i didn't talk to anybody who suggested that john brennan ever did anything inappropriate while in the private sector. i did talk to several people who questioned sort of why we need this private intelligence structure in any case. why do we have global private security firms operating in beijing and washington and baghdad at the same time? and this is an entirely tax-payer fueled entity. >> eamon, you know the answer to that. the way that the u.s. army can say, we don't have operatives in south america. they didn't but they were paying mercenaries to be down there. >> yeah, look, a lot of this is is done in a very hidden way. very merurky world. we had so sift through record to find the corporate structure to find out the global strategies group for example, registered in luxembourg, not englan
this is john brennan's boss before he started working for barack obama, guys? thz sounds like juicy 007. a little bit cloak and dagger. but at the same time, there is nothing to suggest anything inappropriate was going on here. >> that's right. we should underscore that. i didn't talk to anybody who suggested that john brennan ever did anything inappropriate while in the private sector. i did talk to several people who questioned sort of why we need this private intelligence structure in...
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Feb 14, 2013
02/13
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>>> the drug wholesaler cardinal health is betting big on obama care. assuremed will give cardinal health access to the growing number of americans treated a the home and there you see cardinal health up 77 cents a share at 4621. a lot of merger activity today, sue. >> yeah, there is. but the overall mark set is qui right now. the s&p is holding well above that 1500 mark, which is important of course, technically. we want to hold that 1500 mark especially on closing basis. nasdaq is bucking the downward trend of the dow. up about 2 1/3. let's look at some of the major stocks moving in today's trading session. airline index. arca index is down. but keep in mind, we have had a huge run. consolidation game apparently judged by investors is over. heinz, one of the big winners, with all of the activity continuing to add on to its gains and it is now up by a full 20% on the trading session. ty? so not bad. >> one of the most interesting things is talking about the importance of free cash flow and how that is so appealing in today's market. a lot of food compa
>>> the drug wholesaler cardinal health is betting big on obama care. assuremed will give cardinal health access to the growing number of americans treated a the home and there you see cardinal health up 77 cents a share at 4621. a lot of merger activity today, sue. >> yeah, there is. but the overall mark set is qui right now. the s&p is holding well above that 1500 mark, which is important of course, technically. we want to hold that 1500 mark especially on closing basis....
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Feb 1, 2013
02/13
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she operated under obama. leon panetta spoke out against the budget cuts in defense and that's one of the reasons he's gone. that's one of the reasons he's gone. in other words, obama wants people who are just going to take his marching orders. that's the way i look at it. >> the dangerous thing, though, is that unlike hillary, this guy can't even stick to the script. so how could obama send him out to people? how could he remember his lines? i mean, it's really sort of an epic moment that i don't think the country would be safe or well served by. >> she is at least articulate. >> i think he's going to be confirmed anyway, as awful as that sounds. democrats are going to confirm him. that's the life we live in. that's the country we live in, jennifer ruben. thank you very much for your reporting. also thanks to art laffer and michelle caruso-cabrera for being with us this evening. i appreciate it. >>> now we're going to stick with national security. we have reports today that the chinese government has hacked i
she operated under obama. leon panetta spoke out against the budget cuts in defense and that's one of the reasons he's gone. that's one of the reasons he's gone. in other words, obama wants people who are just going to take his marching orders. that's the way i look at it. >> the dangerous thing, though, is that unlike hillary, this guy can't even stick to the script. so how could obama send him out to people? how could he remember his lines? i mean, it's really sort of an epic moment...
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Feb 22, 2013
02/13
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i know you're pro obama i appreciate that. do you want your central bank toez up or do you want it home to tighten up? >> you're making an argument for mormon tear stimulus. the president has been proposing that. that's what the fed is trying to do. if you drawback on that there's a fear that they will put our economy back into trouble. i think we need to have more of that. i think we need fiscal stimulus. >> the ideal combo here is a very tight fiscal policy with an easy monetary policy and that's how we'll deal with the fiscal problem. no tax hikes, spending cuts. >> you get both out of the way. you have to at some point and i agree not having qe as an expectation is a tighter policy. that's point number one. point two it's very old wall i need stimulus and i need spending. if you go back to reagan, clinton, go back to eisenhower -- >> strong dollar was consistent with great stuff. >> strong dollar is the most pro growth signal you can find. >> those were golden dollars. these are not golden dollars today. >> the average oil
i know you're pro obama i appreciate that. do you want your central bank toez up or do you want it home to tighten up? >> you're making an argument for mormon tear stimulus. the president has been proposing that. that's what the fed is trying to do. if you drawback on that there's a fear that they will put our economy back into trouble. i think we need to have more of that. i think we need fiscal stimulus. >> the ideal combo here is a very tight fiscal policy with an easy monetary...
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Feb 8, 2013
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i'm with obama on this, i really am. i'm with obama. whether that makes me a con or a neo-con or whatever it is, think think they're wrong about waterboarding. but notice, answer, guantanamo is still open. i think obama has learned a thing or two. >> yeah, i wish he would learn a few more things and that is to get -- actually, i think it's mark's concerns about winning the hearts and minds of pakistanis. i don't think i'd spend a lot of time and effort on that and, you know, this is part of the reason i'm enthusiastically supporting the siequester. i think there's plenty we can cut from the defense department, including this pointless, endless rebuilding of afghanistan. it was one thing to go in and take out al qaeda and the taliban. what on earth are we doing over there? why do we care about the hearts or minds or building the schools? i mean, outside of osama bin laden going to afghanistan and tricking the taliban into this spectacular attack on america, in general the muslims in afghanistan like the ones in indonesiaia have not expor
i'm with obama on this, i really am. i'm with obama. whether that makes me a con or a neo-con or whatever it is, think think they're wrong about waterboarding. but notice, answer, guantanamo is still open. i think obama has learned a thing or two. >> yeah, i wish he would learn a few more things and that is to get -- actually, i think it's mark's concerns about winning the hearts and minds of pakistanis. i don't think i'd spend a lot of time and effort on that and, you know, this is part...
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Feb 28, 2013
02/13
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president obama may be completely in charge. what do you think will happen here? >> i think we can't know is the truth. i think that anybody who predicts now what is going to happen 30 days from now, you know, is pretending to know. i think that this debate we're having, this battle, this fiscal gridlock that we got in washington now is going to continue for the next two years. i think it will continue at least until the next congressional elections. i think we'll have the same kind of conversation over and over again. it will take -- it's going to take place in the context of different legislation, different ideas, the continuing resolution we'll see. >> this is a really big thing sfwheem have this debate. >> dick more rirks i'll pause on this to get your take. if the continuing resolution, let's talk about the house, hal rogers, if they forego these budget cuts, military and nonmilitary, i would argue the republican party is just going to split in two and self-destruct. >> first let me explain what the cre is. the last budget the congress passed was four years a
president obama may be completely in charge. what do you think will happen here? >> i think we can't know is the truth. i think that anybody who predicts now what is going to happen 30 days from now, you know, is pretending to know. i think that this debate we're having, this battle, this fiscal gridlock that we got in washington now is going to continue for the next two years. i think it will continue at least until the next congressional elections. i think we'll have the same kind of...
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Feb 13, 2013
02/13
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last night on the state of the union, we heard president obama talk about it. i don't know if there's going to be backing from both sides. this is the place you want to be. >> guy? >> hi there. we have a little time. all my efforts have been this warted to take you to qdoba, especially for valentine's day. >> i'm free right now. >> i decided to bring -- >> aw! >> did you eat half it? >> i got us a meat salad and a large drink, one straw so we could share. >> that's too big for new york city, that soda. >> this is sort of our valentine's day. i'm not here tomorrow to share it with you. >> i would love to take a swig of this. >> look, look! see that? >> now i know where your true affections lie! >> it's the other woman! it's the other woman! >> what is this? >> butter cup. >> a woman in every port, mel. >> and you ate half this, by the way. half is gone. >> happy valentine's out there. >> to everybody, a day in advance. >> a day early. >> which is the way to do it. >> don't go anywhere. "mad >> i'm jim cramer, welcome to my world. you need to get in the game. ste
last night on the state of the union, we heard president obama talk about it. i don't know if there's going to be backing from both sides. this is the place you want to be. >> guy? >> hi there. we have a little time. all my efforts have been this warted to take you to qdoba, especially for valentine's day. >> i'm free right now. >> i decided to bring -- >> aw! >> did you eat half it? >> i got us a meat salad and a large drink, one straw so we could...
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Feb 27, 2013
02/13
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shows up with obama. i don't see how christie could have avoided that. he had campaigned very hard for romney. he called obama divisive and demoralizing and still blaming christie essentially still doing his job even though he had to appear with obama. >> maybe you can argue he was overly complimentary but the fact of the matter is his whole brand has been we need to work together in pragmatic ways and put the people first. i think him making a political point and sort of snubbing the president during a major storm where a lot of people were at risk would have been a mistake, a, and, b, a total violation of the brand that he has built. >> and you must be thrilled about this to see republicans dumping on a guy, christie, because christie is a guy that could win new jersey. if he ran for president he could win blue states. we were talking before. republicans, not since reagan and papa bush have republicans won, i believe, california and new jersey, and i think reagan won new york twice if i am not mistaken. it has been so long since they did that. christie
shows up with obama. i don't see how christie could have avoided that. he had campaigned very hard for romney. he called obama divisive and demoralizing and still blaming christie essentially still doing his job even though he had to appear with obama. >> maybe you can argue he was overly complimentary but the fact of the matter is his whole brand has been we need to work together in pragmatic ways and put the people first. i think him making a political point and sort of snubbing the...
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Feb 9, 2013
02/13
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you're seeing obama's poll numbers come down. i think that's because he's a politician who needs a foil. perhaps the country he looked pretty good compared with mitt romney. but the country doesn't look good compared to where the country should be. when he doesn't have someone to run against, when he doesn't have someone to be the villain and he's just getting judged on his actual performance in the job you'll see his numbers come down. he's doing a terrible terrible job and people know that. >> jimmy williams, i understand the ebb and flow of politics on issues like gun control and immigration and same-sex marriage and all these things come up. but none of that has a thing to do with economic growth and job creation. and i think that's what that quinn p quinnipiac poll shows. when is your man going to come up with a growth plan? >> i would disagree with you, larry, about the immigration part. but i agree with you that gay marriage has absolutely nothing to do with job growth. kevin just mentioned the president needs a foil like
you're seeing obama's poll numbers come down. i think that's because he's a politician who needs a foil. perhaps the country he looked pretty good compared with mitt romney. but the country doesn't look good compared to where the country should be. when he doesn't have someone to run against, when he doesn't have someone to be the villain and he's just getting judged on his actual performance in the job you'll see his numbers come down. he's doing a terrible terrible job and people know that....
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Feb 11, 2013
02/13
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apple stock up about .5% right now, we just learned that tim cooke will be seated next to michelle obama at the president's state of the union address tomorrow night in washington, d.c. that should be very interesting. i wonder what that's going to be about. the stock up 1% today. the dow lower. we're coming off the low right now. i pointed out earlier that the s&p has been down every monday this year. that's five trading days. here's what the s&p has done year to date. we don't get the knnuances of t trading here. but so far up 6 1/3%. peter costa -- >> yes. >> you've told us as a skeptic you threw in the towel recently and were willing to buy this market. >> it was right after i spoke to ralph. >> he considered you to turn bullish. >> he did. >> but you have to admit this market is getting tired here, don't you think? >> if you look at the market where we're down 19 today, i think we'll churn a bit. i think this churning might go on for probably another couple of months. but i don't think the market's -- it's not done yet. i just think that right now we're going to be in a pausing phas
apple stock up about .5% right now, we just learned that tim cooke will be seated next to michelle obama at the president's state of the union address tomorrow night in washington, d.c. that should be very interesting. i wonder what that's going to be about. the stock up 1% today. the dow lower. we're coming off the low right now. i pointed out earlier that the s&p has been down every monday this year. that's five trading days. here's what the s&p has done year to date. we don't get the...
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Feb 19, 2013
02/13
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president obama, are you listening? >> four years since rick santelli started the tea party for all intents and purposes. we'll find out what he thinks now when "squawk on the street" continues. [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. this is the pursuit of perfection. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity options... evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades en you open an account. but i am your rmarket data. i know what you're looking for. i'm not chained to your desk anymore. i'm faster and smarte
president obama, are you listening? >> four years since rick santelli started the tea party for all intents and purposes. we'll find out what he thinks now when "squawk on the street" continues. [ male announcer ] we began with the rx. ♪ then we turned the page, creating the rx hybrid. ♪ now we've turned the page again with the rx f sport. ♪ this is the next chapter for the rx and the next chapter for lexus. this is the pursuit of perfection. with fidelity's new options...
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Feb 12, 2013
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i think obama's second term is a different mind-set than obama first term. >> we have to leave it there. we have a packed show. david as always appreciate you coming on "street signs." thank you very much. take care. >>> on deck, is tim cook cooked? apple doesn't turn it around, should a new ceo be on the way? later on goldman sachs ceo blankfein will be here live. certainly a lot to talk about with the man who runs goldman. stick around. back after this. [ woman ] don't forget the yard work! okay. [ male announcer ] with citibank's popmoney, dan can easily send money by email right from his citibank account. nice job ben. [ male announcer ] next up, the gutters. citibank popmoney. easier banking. standard at citibank. to deposit checks from anywhere. [ wind howling ] easier than actually going to the bank. mobile check deposit. easier banking. standard at citibank. >>> big news the past hour on the future of television. jul julia, is it true i'll be on all channels all the time. >> we can only hope. the big news here, intel is getting into the tv business, new division intel media work
i think obama's second term is a different mind-set than obama first term. >> we have to leave it there. we have a packed show. david as always appreciate you coming on "street signs." thank you very much. take care. >>> on deck, is tim cook cooked? apple doesn't turn it around, should a new ceo be on the way? later on goldman sachs ceo blankfein will be here live. certainly a lot to talk about with the man who runs goldman. stick around. back after this. [ woman ]...
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Feb 8, 2013
02/13
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two economic officials from the obama administration saying it would result in 70,000 kids being thrown off of head start in a couple of thousand fewer food inspectiones. 373,000 fewer mental health patient treated. 540 million in smaller loan guarantee. 600,000 fewer women and children receiving food assistance. this is putting pressure on congress to act because many republicans expressed the idea they could let the budget sequester take effect. some democrats suggested that is not so terrible from their point of view too. white house is trying it make a counter argument. we will see over the next couple of weeks since tsequester is du to take effect. >> how effective is this, john? we have seen the white house before where they put out the worst case scenario where they try to force things along against republican answers in some cases it backfired. what do you think this time? >> it backfired at certain times. this is a moment where the white house believes the president still has wind at his back from the election results. they thought they did well at the fiscal cliff. though it i
two economic officials from the obama administration saying it would result in 70,000 kids being thrown off of head start in a couple of thousand fewer food inspectiones. 373,000 fewer mental health patient treated. 540 million in smaller loan guarantee. 600,000 fewer women and children receiving food assistance. this is putting pressure on congress to act because many republicans expressed the idea they could let the budget sequester take effect. some democrats suggested that is not so...
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Feb 8, 2013
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republicans saying president obama, you've got your tax increases in the cliff in early january. we want spending cuts now and if you don't agree with our spending cuts we'll let the sequester cuts, the indiscriminate across-the-board take effect. the white house said if i get the word out on what this means you wouldn't dare do that. that's what the white house briefing was about. administration economic officials talked about the middle class impacts, talked about 70,000 kids being thrown off of head start and 2,000 fewer food inspections. 540 million less in loan guarantees for small business and 375,000 fewer mental health patients being treated. 10,000 teachers lost, leon panetta, the outgoing defense secretary, has already said that the unacceptable cuts to the nation's defense would result so what we've got to see is whether republicans believe that or whether they believe it's a chicken little kind of argument and some democrats privately on the hill think that the sequester cuts might not be all that bad because they cut some of the defense programs that democrats have w
republicans saying president obama, you've got your tax increases in the cliff in early january. we want spending cuts now and if you don't agree with our spending cuts we'll let the sequester cuts, the indiscriminate across-the-board take effect. the white house said if i get the word out on what this means you wouldn't dare do that. that's what the white house briefing was about. administration economic officials talked about the middle class impacts, talked about 70,000 kids being thrown off...
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Feb 26, 2013
02/13
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we're going to look in on president obama in newport news, virginia. a big shipbuilding and military site down there in norfolk, chesapeake bay area. when we come back, talking about big federal budget cuts among other things will affect defense scheduled to kick in on friday. john harwood is monitoring this and will join us after a quick break. we will take you there to newport news when "power lunch" returns. >>> meantime, ty, gold is getting a big boost, gold up $28, all due to the fed chairman mr. bernanke. we'll have the closing numbers for you. >>> then what happens when things get personal in business. macy's head and martha stewart were friends before martha hooked up with jcpenney. they are not friends anymore. [ whirring ] [ creaking ] [ male announcer ] trophies and awards lift you up. but they can also hold you back. unless you ask, what's next? [ zapping ] [ clang ] this is the next level of performance. the next level of innovation. the next rx. the f sport. this is the pursuit of perfection. but we can still help you see your big picture
we're going to look in on president obama in newport news, virginia. a big shipbuilding and military site down there in norfolk, chesapeake bay area. when we come back, talking about big federal budget cuts among other things will affect defense scheduled to kick in on friday. john harwood is monitoring this and will join us after a quick break. we will take you there to newport news when "power lunch" returns. >>> meantime, ty, gold is getting a big boost, gold up $28, all...
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Feb 4, 2013
02/13
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. >>> president obama calling for smart spending cuts. but what does that mean? we'll get washington speak translated by former gop senator judd gregg? >>> and did beyonce blow out the lights at the super bowl? maybe. we'll talk about that. the superdome power outage. >>> also the beatles said money can't buy you love but can it buy you happiness? we'll see what the millionaires say. stay with us. is is for real thi. is is for real thi. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. >>> welcome back. the dow industrial it is pulling way back from friday's 14,000 peak in a significant way. let's get to bob pisani recapping the movers. >> biggest declines of the year. declines up 1.5% to 2% in all the big names. but please note compared to what happened in europe, this is small potatoes. put up some of what happened here. nothing yet in italy the ol
. >>> president obama calling for smart spending cuts. but what does that mean? we'll get washington speak translated by former gop senator judd gregg? >>> and did beyonce blow out the lights at the super bowl? maybe. we'll talk about that. the superdome power outage. >>> also the beatles said money can't buy you love but can it buy you happiness? we'll see what the millionaires say. stay with us. is is for real thi. is is for real thi. step seven point two one two....
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Feb 23, 2013
02/13
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and then we have obama and obama. how does the gop get back on track? how does the republican party become a serious presidential party again? >> you know, i think we're discovering it across the states. and i think if you look at a number of different republican governors, what they're doing, it isn't that government is all bad. but government has to do certain functions. it has to manage it better. we've got to get in a growth mode. and i think you're discovering that model in places like ohio or kansas or louisiana, michigan, iowa, texas. i really think we're starting to come up with that. but larry, i don't know that the formula's all there yet. we've got to i think look around for a while and see what that formula comes out to be. but i think you're starting to see it emerge from some of these republican governors across the country. >> all right. the red state model. governor sam brownback of kansas. thank you, sir. appreciate it. up next, lots of late-breaking news this evening, including a downgrade for great britain and a decision by senate dem
and then we have obama and obama. how does the gop get back on track? how does the republican party become a serious presidential party again? >> you know, i think we're discovering it across the states. and i think if you look at a number of different republican governors, what they're doing, it isn't that government is all bad. but government has to do certain functions. it has to manage it better. we've got to get in a growth mode. and i think you're discovering that model in places...
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Feb 12, 2013
02/13
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you saw president obama calling for swift reaction. india saying reports of the nuclear test are a matter of deep concern according to a foreign ministry statement. >>> moving down to conco which has expressed solidarity with its ceo who has just been arrested for alleged bribes. shares have just resumed trade in malan. now, ross, they're down something less than 9%. we did see closer to a 15% decline earlier. over to you. >> thanks for that, kelly. here we are just over an hour into the trading day in europe. pretty even stevens, actually. we're keeping our focus in the uk on barclay's. as we are on the xetra dax and the ibex and the cac 40. so no clear direction, as you can see. now, the nikkei was trading again today. let's show you where we've finished with the nikkei. up 2%. this morning, the yen was weakening again. we've seen it down against the dollar. we were bound at those may 2010 lows yesterday. shanghai composite up 0.5%. the hang seng up slightly, as well. we were flat in australia and the kospi down slightly flat. the au
you saw president obama calling for swift reaction. india saying reports of the nuclear test are a matter of deep concern according to a foreign ministry statement. >>> moving down to conco which has expressed solidarity with its ceo who has just been arrested for alleged bribes. shares have just resumed trade in malan. now, ross, they're down something less than 9%. we did see closer to a 15% decline earlier. over to you. >> thanks for that, kelly. here we are just over an hour...
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Feb 20, 2013
02/13
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i take it back if it's incorrect. >> caller: no, obama likes solar for u.s. economic reconstruction, and energy holdings recently made the largest national investment in solar at $2 billion. are sety and sbwr good to buy? >> sbwr i'm not that crazy about. solar city i have to do work on. you know, it was my birthday recently. my kids said happy birthday, you got to get a solar panel. it's like solar city, like circuit -- i don't want to do that, but how about party city? that's not there, either. but i will tell you that i think the solar city is on to something. if you can get money to put a solar panel on and cut my electric bill, you would be plenty happy. matt in texas, matt? >> hi, jim. boo-yah from austin. >> man, austin, we had such a great time when we were in austin, at u.t. it was fantastic. what's up? >> caller: hey, i'm a longtime shareholder of unh. despite, due to medicare, is a small book of business, which is down over 6%. do you think you have growth strategy, and in particular international expansion or enough to offset obamacare? >> no, no,
i take it back if it's incorrect. >> caller: no, obama likes solar for u.s. economic reconstruction, and energy holdings recently made the largest national investment in solar at $2 billion. are sety and sbwr good to buy? >> sbwr i'm not that crazy about. solar city i have to do work on. you know, it was my birthday recently. my kids said happy birthday, you got to get a solar panel. it's like solar city, like circuit -- i don't want to do that, but how about party city? that's not...
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Feb 28, 2013
02/13
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>> you know, i was an obama guy. i really believed that -- >> see, was is the operative word. >> joe, you said you wanted to haircut somebody out. >> i said a flowbee. >> here's mary. >> take 0.3 of an inch. >> 0.03 of an inch. >> he's willing to take 3% off. >> why don't we just give it to you and you take it over there and cut it and then bring it back here. >> randomly, mary. that's the idea. it's a random 3% cut that he's willing to do. >> it's across the board. 3%. >> it's not considered, right? >> it's just -- >> you are like the pope giving sex advice. you have no idea about what people do with hair. listen to me. do you know what a flowbee is? >> i don't. >> a flowbee is that vacuum cleaner -- >> where's barry? >> come on in there. >> where you put it on and it pulls your hair up and cuts an exact amount everywhere. >> i don't have any knowledge of that. >> i know you don't. >> -- for 1950s -- >> they talk about baldness like it's a sickness, like you've got a cure. >> that was how i showed -- because you hav
>> you know, i was an obama guy. i really believed that -- >> see, was is the operative word. >> joe, you said you wanted to haircut somebody out. >> i said a flowbee. >> here's mary. >> take 0.3 of an inch. >> 0.03 of an inch. >> he's willing to take 3% off. >> why don't we just give it to you and you take it over there and cut it and then bring it back here. >> randomly, mary. that's the idea. it's a random 3% cut that he's willing...
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Feb 20, 2013
02/13
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austin didn't mention the obama-care tax or payroll tax or any of that. those are all headwinds, too. >> listen, i think the impasse in washington is just crazy right now. i am absolutely for not having the sequestration. it's just too blunt of an object. >> but the two sides have not been able to -- >> zero. >> no common room -- common ground. >> if you could cut 85 you wanted to cut? >> in a nanosecond. >> do you have 85 you want to cut? >> do i know it off the top of my head. i think you need to still hit the revenue side. you need revenues and spending to be that fly% differential, you have to get there. you need revenues up by 18%. >> do you get that growing or additional taxes? >> i don't want to use the word taxes and i'm not trying to -- i don't think we're talking about tax rates here. there are certainly revenue loopholes we could be closing. >> we're supposed to close those to lower marginal rates. >> but we didn't. >> simpson-bowles we were lowering marginal rates and closing loopholes. now, we raise annual rates and you close loopholes. >> it
austin didn't mention the obama-care tax or payroll tax or any of that. those are all headwinds, too. >> listen, i think the impasse in washington is just crazy right now. i am absolutely for not having the sequestration. it's just too blunt of an object. >> but the two sides have not been able to -- >> zero. >> no common room -- common ground. >> if you could cut 85 you wanted to cut? >> in a nanosecond. >> do you have 85 you want to cut? >> do i...
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Feb 22, 2013
02/13
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. >> have you met with president obama recently? >> not since nebraska which delayed it in all fairness to the president last year. not since nebraska approved it, but certainly we met with the secretary of state two weeks ago. our minister went over all the measures that we're taking in canada on greenhouse gases, and we actually believe that the united states and the president can do both things. he can reach his copenhagen targets and reduce greenhouse gases, and he can also have energy independence in america that he committed to in it 2029 when he was running for president. nat an either off, reduced green huss places. do you think the u.s. media is not being strayed in explain why it means for the u.s. economy? >> it gets into an either/or. is the president going to side with the union in his stakeholder base that really need the jobs or with the environmentalists? first of all, this won't make any difference on the greenhouse gases. we're committed to lowering greenhouse gases but it's displacing venezuelan oil so if i can sa
. >> have you met with president obama recently? >> not since nebraska which delayed it in all fairness to the president last year. not since nebraska approved it, but certainly we met with the secretary of state two weeks ago. our minister went over all the measures that we're taking in canada on greenhouse gases, and we actually believe that the united states and the president can do both things. he can reach his copenhagen targets and reduce greenhouse gases, and he can also have...
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Feb 18, 2013
02/13
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early 2011, no one had received more prison time than bradley birkenfeld, who has petitioned president obama for clemency. when we return, american banks get legal permission to enter a high stakes, highly risky form of gambling, one that helped push the nation to the brink of financial collapse. [watch ticking] right that's a fr problem... ok. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot. get happy. get geico. fifteen minutes could save you fifteen percent or more. i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service®, works for thousands of home businesses. because at usps.com®, you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. anything that touches your face when can feel like this.skin, don't let it get to you. ♪ tr
early 2011, no one had received more prison time than bradley birkenfeld, who has petitioned president obama for clemency. when we return, american banks get legal permission to enter a high stakes, highly risky form of gambling, one that helped push the nation to the brink of financial collapse. [watch ticking] right that's a fr problem... ok. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico?...
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Feb 19, 2013
02/13
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isn't president obama swell muching the small business job creator? the republicans like to say that. maybe or maybe just isn't squelching hard enough. otherwise you wouldn't be seeing such monster moves. in other words, business is strong enough to merit companies talking to each other about combining rather than thinking if you stick around and compete, it's almost a matter of time before the other guy keels over. the last man standing game seems like it's history. maybe this is a merger between two companies who failed to keel over. more important, though, it's a merger born of confidence, confidence that despite the runs in the stocks there had much more up side, because things are just plain better than we might realize. even though the stocks are up from where they were, they're down huge from when times are going. that's the theme behind almost all the deals we've seen, all the ones worth talking it's the commonalty of the breathtaking numbers of takeovers, in a last year rather than ratcheting up as seems to be the case now. >>> all right. let
isn't president obama swell muching the small business job creator? the republicans like to say that. maybe or maybe just isn't squelching hard enough. otherwise you wouldn't be seeing such monster moves. in other words, business is strong enough to merit companies talking to each other about combining rather than thinking if you stick around and compete, it's almost a matter of time before the other guy keels over. the last man standing game seems like it's history. maybe this is a merger...
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Feb 13, 2013
02/13
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president obama, who is looking for ways to improve inner-city schools, visited in 2009. >> this school is a true success story, a place where, for four of the last five years, every graduate from the seed school was admitted to college, every graduate. >> the class of 2009 was on track to do the same. with success like that, vinnakota and adler believe there should be a seed school in every major urban area. they opened a second boarding school in baltimore two years ago, and they're planning to open a third in cincinnati. the funding comes from a mixture of private donors who pay for start-up costs, including building the schools, and then government money pays for most of the operating costs. at every school, the goal is the same: a day like this one. >> i'm going to kent state university. >> connecticut college. >> winston-salem state university. >> kent state university. >> raise your hand if you're the first member of your family to go to college. >> in a single generation, families can not only produce a high school graduate but a college graduate, and that changes a family forev
president obama, who is looking for ways to improve inner-city schools, visited in 2009. >> this school is a true success story, a place where, for four of the last five years, every graduate from the seed school was admitted to college, every graduate. >> the class of 2009 was on track to do the same. with success like that, vinnakota and adler believe there should be a seed school in every major urban area. they opened a second boarding school in baltimore two years ago, and...
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Feb 1, 2013
02/13
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austan goolsbee is the chairman of the former economic advisers under president obama. and jared bernstein is former economic adviser to vice president biden. he's a senior fellow at the center on budget and policy priorities and a cnbc contributor. of course we have steve liesman with us and our guest host today kelly king who is chairman and ceo of bb and t. let's go down the line. we were just talking a little bit, mark, about your adp prediction. the number was private payrolls. what are you looking for? >> 180,000 jobs. and unemployment rate stays steady at 7.8%. >> you're a little ahead. >> what is consensus? >> 160 to 166 depending on which one, i think thompson was at 160. >> i actually think if you had done one overnight, i think it's crept up. i think the expectation on the street is a bit higher than this 166 right now. >> why is that? >> because of adp. because of a bunch of other things. people seem to have gotten a little more optimistic. i read about half a dozen reports this morning, they were all in the 180, 190 range. >> did the issue impact -- >> ever
austan goolsbee is the chairman of the former economic advisers under president obama. and jared bernstein is former economic adviser to vice president biden. he's a senior fellow at the center on budget and policy priorities and a cnbc contributor. of course we have steve liesman with us and our guest host today kelly king who is chairman and ceo of bb and t. let's go down the line. we were just talking a little bit, mark, about your adp prediction. the number was private payrolls. what are...
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Feb 18, 2013
02/13
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early 2011, no one had received more prison time than bradley birkenfeld, who has petitioned president obama for clemency. when we return, american banks get legal permission to enter a high stakes, highly risky form of gambling, one that helped push the nation to the brink of financial collapse. [watch ticking] i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service®, works for thousands of home businesses. because at usps.com®, you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service®, no business too small. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for treating the flu in adults and ch
early 2011, no one had received more prison time than bradley birkenfeld, who has petitioned president obama for clemency. when we return, american banks get legal permission to enter a high stakes, highly risky form of gambling, one that helped push the nation to the brink of financial collapse. [watch ticking] i'm lorenzo. i work for 47 different companies. well, technically i work for one. that company, the united states postal service®, works for thousands of home businesses. because at...
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Feb 8, 2013
02/13
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. >> david, obama care is coming. how is that going to affect your company? >> we see obama care as driving change in the marketplace and change is good because maybe to your core question, the status quo is not acceptable. we need to take costs out of the system and increase quality. for us, focus more on services. the change in the marketplace is a positive. one of the biggest changes we see happening in the united states is the opportunity to partner with physicians, to collaborate with physicians, to drive increases in health quality. today we have over 50 collaboratives already up and running in the united states where physicians are more paid based on the quality of outcomes haves the quality of services. as a result, people are getting better quality of outcomes, better services and costs are coming out of the system. >> david, give us a -- your outlook for the year ahead and a little bit beyond that. to what extent, when washington is -- it's in the middle right now of the process of trying to find cost savings. do you expect some of those cost saving
. >> david, obama care is coming. how is that going to affect your company? >> we see obama care as driving change in the marketplace and change is good because maybe to your core question, the status quo is not acceptable. we need to take costs out of the system and increase quality. for us, focus more on services. the change in the marketplace is a positive. one of the biggest changes we see happening in the united states is the opportunity to partner with physicians, to...
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Feb 6, 2013
02/13
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help reverse their slide among republican voters, is going to be delivering the response to president obama's state of the union address next tuesday. now this, of course, is very sensible for republicans not only because he's a charismatic speaker but also because he's taking a lead role on immigration reform which is one of the high-profile elements of the agenda early in this congress, one the democrats and republicans are working together, so that would give the republicans an opportunity to showcase their own support for immigration reform and counter some of the message of the president. we've seen over and over again young stars in both parties getting chosen to respond to the president. this is marco rubio's turn. >> thanks very much. john harwood in washington. >>> the interest-rigging scandal back in the news today. kayla tausche is looking at how this story has gotten so big and how this web is growing in terms of cost as well. kayla? >> reporter: libor has been called the world's most important number since it provides the base rate off of which some $500 trillion of securities ar
help reverse their slide among republican voters, is going to be delivering the response to president obama's state of the union address next tuesday. now this, of course, is very sensible for republicans not only because he's a charismatic speaker but also because he's taking a lead role on immigration reform which is one of the high-profile elements of the agenda early in this congress, one the democrats and republicans are working together, so that would give the republicans an opportunity...
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Feb 28, 2013
02/13
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now, president obama and republicans are digging in their heels just one day before the sequester kicks in. the president will host congressional leaders at the white house tomorrow, but expectations are pretty low the meeting will result in a deal to avoid the $85 billion in spending cuts. those would be phased in gradually. gun reducing costs are telling employees how furloughs would work. most federal workers require 30 days before they can be furloughed. for more joining us now is robert. welcome. just on this point about the u.s., we've seen markets not just holding up, but, in fact, doing quite well ahead of the sequester. why is that? >> well, i think there's an underlying -- there's real underlying evidence of the strength in the u.s. economy, which is partly allowing markets to look through what are clearly concerns about tightening in this economy. >> it's one thing that the u.s. is leading the recovery, perhaps leading this leg of the expansion. is it important in that sense? >> of course, the u.s. economy is not much bigger than japan, so it's always going to be more importa
now, president obama and republicans are digging in their heels just one day before the sequester kicks in. the president will host congressional leaders at the white house tomorrow, but expectations are pretty low the meeting will result in a deal to avoid the $85 billion in spending cuts. those would be phased in gradually. gun reducing costs are telling employees how furloughs would work. most federal workers require 30 days before they can be furloughed. for more joining us now is robert....
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Feb 26, 2013
02/13
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president obama went to new port news, virginia, and tried to make the case that the sequester was going to hurt jobs in the state of virginia. scores of thousands of defense jobs are going to be subject to a sequester and then back in washington you had house speaker john boehner accusing democrats in the senate of not doing their work and putting forth an alternative. here's john boehner. >> we have moved a bill in the house twice. we should not have to move a third bill before the senate gets off their ass and begins to do something. >> reporter: now, we had harry reid respond afterwards and said it's the house of representatives that is sitting on their postiors because the house passed their bills last year. they haven't acted. we are going to get votes in the senate over the next couple of days on a democratic and republican alternative to replace sequester but, of course, everyone knows, sue, that neither one of those bills is going to pass so the president is going to keep pounding. republicans are going to try to hold line on taxes, and we've got an unresolved standoff that will
president obama went to new port news, virginia, and tried to make the case that the sequester was going to hurt jobs in the state of virginia. scores of thousands of defense jobs are going to be subject to a sequester and then back in washington you had house speaker john boehner accusing democrats in the senate of not doing their work and putting forth an alternative. here's john boehner. >> we have moved a bill in the house twice. we should not have to move a third bill before the...
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Feb 27, 2013
02/13
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. >> and president obama finally set to meet with congressional leaders to try to avoid devastating spending cuts. that's cut news, right? the bad news. the meeting is coming hours before the cuts are set to kick. in the meeting is friday, march 1st. is there any real hope a deal can be reached? the day that the cuts are going to take effect. we'll have the latest with republican senator john holman weighing in later on the "closing bell." ♪ ♪ [ male announcer ] it was designed to escape the ordinary. it feels like it can escape gravity. ♪ the 2013 c-class coupe. ♪ starting at $37,800. ♪ >>> welcome back. stocks are skyrocketing today. the dow getting ever closer to a record high. take a look. we're up 204 points as we speak. we're seeing new money come into this market as we approach the close with 35 minutes left before the bell sounds. we're just about 80 points away from an all-time high on the dow jones industrial average. >> even now closer than that, given this move that we've had in the last ten minutes. definitely have some buying picking up in the last few minute, and it
. >> and president obama finally set to meet with congressional leaders to try to avoid devastating spending cuts. that's cut news, right? the bad news. the meeting is coming hours before the cuts are set to kick. in the meeting is friday, march 1st. is there any real hope a deal can be reached? the day that the cuts are going to take effect. we'll have the latest with republican senator john holman weighing in later on the "closing bell." ♪ ♪ [ male announcer ] it was...
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Feb 25, 2013
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first by president obama at the white house when he talked to the nation's governors about ways in which the automatic spending kutss will hurt their states trying to get them to put pressure on the congress. but he also described a way out for republicans and democrats. here's the president. >> democrats like me need to acknowledge that we're going to have to make modest reforms in medicare if we want the program there for future generations and if we hope to maintain our ability to invest in critical things like education, research, and infrastructure. but we also need republicans to adopt the same approach to tax reform that spaker boehner championed just two months ago. >> but of course of the two parts the president outlined, republicans only agree with the first which is a point boehner made at his news conference about a half an hour ago. here's the speaker. >> the president says we have to have another tax increase in order to avoid the sequester. well, mr. president, you got your tax increase. it's time to cut spending here in washington. >> and that is the stalemate in a nutshe
first by president obama at the white house when he talked to the nation's governors about ways in which the automatic spending kutss will hurt their states trying to get them to put pressure on the congress. but he also described a way out for republicans and democrats. here's the president. >> democrats like me need to acknowledge that we're going to have to make modest reforms in medicare if we want the program there for future generations and if we hope to maintain our ability to...
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Feb 28, 2013
02/13
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obama didn't seem it make that much of an anti-defense move in its first term. it was accompanied by the afghanistan surge. so there was just so much he could do. but right now, you have definitely got a move towards, if not isolation, definitely a move from intervention, appointment of secretary hague el as you point out, is definitely endorsement of that. even within that, within the republican party, there is a danger that they are focused on, moving toward budget talks rather than defense and foreign policy talks. so it is tough to see who carry theory the mantle for defense. >> thank you richard. richard aboulafia from the teal group. >> on the back of its earnings and what a miss, stock down 75% over the past one year. so where does the on-line deals site go from here? and as we head out, let's look at financials. there they are. all higher. not so much, but higher. we are back in two minutes. ♪ [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would
obama didn't seem it make that much of an anti-defense move in its first term. it was accompanied by the afghanistan surge. so there was just so much he could do. but right now, you have definitely got a move towards, if not isolation, definitely a move from intervention, appointment of secretary hague el as you point out, is definitely endorsement of that. even within that, within the republican party, there is a danger that they are focused on, moving toward budget talks rather than defense...
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Feb 26, 2013
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until president obama makes a push for natural gas vehicles, says yes to the keystone, and unless the saudis begin to pump more oil to lower the price of brent crude, something they won't do since they curtailed production, it is getting used to the higher gasoline prices as the world uses more oil. even as we alas are using less. the oil is in the wrong places, the refinery is in the wrong places. we don't have enough infrastructure and it looks like never the twain shall meet. "mad money" is back after this. ♪ ♪ [ male announcer ] how do you engineer a true automotive breakthrough? ♪ you give it bold new styling, unsurpassed luxury and nearly 1,000 improvements. introducing the redesigned 2013 glk. see your authorized mercedes-benz dealer for exceptional offers through mercedes-benz financial services. >>> betting line is there will be no sequester or there will be a solution for the end of march when it's really expected to kick in. that's right. despite the four-days to armageddon rap, the stocks that have been going higher or hanging in there, notably the defense stocks wou
until president obama makes a push for natural gas vehicles, says yes to the keystone, and unless the saudis begin to pump more oil to lower the price of brent crude, something they won't do since they curtailed production, it is getting used to the higher gasoline prices as the world uses more oil. even as we alas are using less. the oil is in the wrong places, the refinery is in the wrong places. we don't have enough infrastructure and it looks like never the twain shall meet. "mad...
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Feb 19, 2013
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. >> of course, president barack obama is also saying we need new tax revenue as part of a followup dahle deal and today alan simpson and erskine bowles said they want even more cut than they had asked for before. while agreeing with the president on revenue, errse the former clinton white house chief of staff says he needs to push both sides. >> we're going to have to push the white house on health care. push the republicans on revenue. what we've tried to do is make enough cuts in health care to slow the rate of growth on a per capita basis to the rate of the growth in the economy. in our opinion that takes $600 billion to do over a ten-year period. >> reporter: maria, even if erskine bowles and alan simpson are successful in that, it's not likely to be before march 1st. this is all happening in public. private negotiations are not going on it. may be, as erskine bowles and alan simpson suggested today, that we need a public backlash from the consequences of some of those sequester cuts before there's enough heat for washington to make a deal. >> deja vu again. these speeches sound more
. >> of course, president barack obama is also saying we need new tax revenue as part of a followup dahle deal and today alan simpson and erskine bowles said they want even more cut than they had asked for before. while agreeing with the president on revenue, errse the former clinton white house chief of staff says he needs to push both sides. >> we're going to have to push the white house on health care. push the republicans on revenue. what we've tried to do is make enough cuts in...
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Feb 15, 2013
02/13
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worldwide growth concerns, whether it is the tax hikes that kicked into effect this year and next due to obama care and recent fiscal cliff issue or budget issues coming up. those are substantial head wind and stocks perform largely in spice of those. i think investors are looking for return. stocks provided that, corporate earnings provided a foundation for stocks and so, those have basically offset concerns at this point in time. the major issue is going to be at what point do those concerns override the good feelings on equities and when do you get off of that ride? >> how do you know to get off? we talked michael about how to buy stocks wisely but what about selling stocks wisely? what is the indicators to you that now might be the time to take profit? >> i think the biggest indicator is a a reduction in the rate of growth of corporate earnings or complete fall-out. that would be substantial because that does provide support for dividend yields and also does provide support for pricing. so that would be a big one. more globally and more longer term, i think the state of the u.s. economy an
worldwide growth concerns, whether it is the tax hikes that kicked into effect this year and next due to obama care and recent fiscal cliff issue or budget issues coming up. those are substantial head wind and stocks perform largely in spice of those. i think investors are looking for return. stocks provided that, corporate earnings provided a foundation for stocks and so, those have basically offset concerns at this point in time. the major issue is going to be at what point do those concerns...
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Feb 15, 2013
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president obama gave his two cents on the fate of the penny saying he's open-open to the idea of getting rid of the copper coin. the president says it costs more for the government to make a penny than it's actually worth. the mint says it costs nearly it.5 cents to produce and distribute a single penny. tell us what you think on that one. >>> meantime, let's take a very quick look at what's happening with the markets. the dow is down by 0.3%. walmart is down by 2.8% on the reports of that internal e-mail about february sales being a total disaster. the spokesman says sometimes these internal e-mails can be inaccurate. thanks for watching "street signs." have a great weekend. "closing bell" is next. >> hi, everybody. happy friday to you. welcome to the "closing bell." i'm maria bartiromo at the new york stock exchange. the major averages in danger of posting losses this week though. >> if we stay right here, we'll see that. i'm bill griffith. the dow does not be able to look like it will avoid a second consecutive losing week. the blue chip average down sharply in the last half hour on t
president obama gave his two cents on the fate of the penny saying he's open-open to the idea of getting rid of the copper coin. the president says it costs more for the government to make a penny than it's actually worth. the mint says it costs nearly it.5 cents to produce and distribute a single penny. tell us what you think on that one. >>> meantime, let's take a very quick look at what's happening with the markets. the dow is down by 0.3%. walmart is down by 2.8% on the reports of...
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Feb 22, 2013
02/13
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president obama just talked about the sequester cuts. he was asked if they are inevitable. he said, i never thing anything is inevitable but it looks like it will happen. this helps explain, tyler and simon, why there isn't more urgency about solving the problem right now. >> that's one of the things we have to contend with next week. the next is the italian elections then the hawkins test on humphreys for the moment. we hire a major component of that dow. hpq, hewlett-packard begins to gain, in the wake of last night's result and exclusive interview last night on cnbc. >> just when you think you have the markets figured out, they throw you an up day. >> "street signs" begins right now. have a great weekend. >>> and welcome to "street signs," everybody. i'm mandy and we are black in back, baby. dow is soaring. turning positive for the week now but could we head for the case of the mondays come next week. also hp is leaving this market higher. that stock hits a fur-year high. also, stock shopping spree. we will hit the mall for three things that every invest over, yes, that
president obama just talked about the sequester cuts. he was asked if they are inevitable. he said, i never thing anything is inevitable but it looks like it will happen. this helps explain, tyler and simon, why there isn't more urgency about solving the problem right now. >> that's one of the things we have to contend with next week. the next is the italian elections then the hawkins test on humphreys for the moment. we hire a major component of that dow. hpq, hewlett-packard begins to...
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Feb 14, 2013
02/13
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and we got obama care. and obama care, when you look at the complexities in that plan, health care costs are going to go up, they're not going to go down. and you've got temporary workers to deal with. retail has got a hell of a problem. going from 35 hours a week to 30 hours a week for a temporary employee. if you've got 50 employees. you want 49. there's so many complexities in these two things. so my concern about acceleration, is regulatory. warren may have a different view of that. >> interesting thing is i agree with everything jack has said, but it's -- it's i don't come away as pessimistic as he does. but he's absolutely right about, you know, about what's happening with health care, and everything. i don't disagree with a word that he said. that he said. >> and i'm not pessimistic, warren. i'm not pessimistic. i just think we -- we're at a position where we could really take off if we had the right policies. >> yeah. well i -- i -- the interesting thing kind of is that america really is doing bette
and we got obama care. and obama care, when you look at the complexities in that plan, health care costs are going to go up, they're not going to go down. and you've got temporary workers to deal with. retail has got a hell of a problem. going from 35 hours a week to 30 hours a week for a temporary employee. if you've got 50 employees. you want 49. there's so many complexities in these two things. so my concern about acceleration, is regulatory. warren may have a different view of that....
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Feb 25, 2013
02/13
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until president obama makes a push for natural gas vehicles, says yes to the keystone, and unless the saudis by again to pump more oil to lower the price of brent crude something they won't do since they curtailed production it is getting used to the higher gasoline prices as the world uses more oil. even as we alas are using less. the oil is in the wrong places, the refinery is in the wrong places. we don't have enough infrastructure and it looks like never the twain shall meet. "mad money" is back after this. (announcer) at scottrade, our clients trade and invest exactly how they want. with scottrade's online banking, i get one view of my bank and brokerage accounts with one login... to easily move my money when i need to. plus, when i call my local scottrade office, i can talk to someone who knows how i trade. because i don't trade like everybody. i trade like me. i'm with scottrade. (announcer) scottrade. awarded five-stars from smartmoney magazine. how do you keep an older car running like new? you ask a ford customer. when they tell you that you need your oil changed you got to
until president obama makes a push for natural gas vehicles, says yes to the keystone, and unless the saudis by again to pump more oil to lower the price of brent crude something they won't do since they curtailed production it is getting used to the higher gasoline prices as the world uses more oil. even as we alas are using less. the oil is in the wrong places, the refinery is in the wrong places. we don't have enough infrastructure and it looks like never the twain shall meet. "mad...
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Feb 11, 2013
02/13
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president obama has declared connecticut a state of emergency room. local public schedules should be back on service. laura champagne, thank you for joining us. >> good morning. thank you for having me. >> we wanted to explore the impact from retail on this storm. we've raised this issue before, but to what extent is a major storm like this hitting into february start to affect, perhaps, easter season, retail and shopping patterns generally speaking? is there a way to sort of trade this event? >> this particular weekend is a good weekend if you're going to have a nasty storm. it's after christmas selling season, it's after january clearance. it's before tax rebates start showing up, particularly this year, which is a bit more complicated to get your refund. so the timing really won't hurt much of retail. if you wanted to trade it, probably the way to do it would be to own home improvement companies because home depot and lowes, i'm sure, did see a pick up in their sales before this storm. >> so february being the kind of in between or quieter time as
president obama has declared connecticut a state of emergency room. local public schedules should be back on service. laura champagne, thank you for joining us. >> good morning. thank you for having me. >> we wanted to explore the impact from retail on this storm. we've raised this issue before, but to what extent is a major storm like this hitting into february start to affect, perhaps, easter season, retail and shopping patterns generally speaking? is there a way to sort of trade...